Narayan AmmachchiIT outsourcing services provider UST has acquired fintech firm Tailwind, strengthening its access to banks across Latin America, a region where mobile and digital banking adoption has accelerated sharply in recent years.
“As the digital banking solutions market continues to expand, demand for implementation and services is expected to grow,” UST said in a statement announcing the acquisition.
Tailwind Business Ventures traces its origins to 2003, when it was founded as Integritas Solutions Group with operations in Austin, Texas, and Rio de Janeiro, Brazil. The company expanded its global footprint to Sri Lanka in 2009 and added a delivery center in Portugal in 2019, steadily building deep fintech capabilities for banks across multiple markets.
Today, Tailwind employs about 220 people worldwide, with the bulk of its workforce based in Brazil. The company provides end-to-end digital banking technology, with a strong focus on AI-driven solutions and highly customized implementations for financial institutions.
“Tailwind’s core banking expertise, combined with UST’s strengths in modernization, AI and enterprise transformation, gives us the scale and depth to solve banks’ toughest challenges,” said Manu Gopinath, President of UST.
UST’s Chief Financial Officer Vijay Padmanabhan said Tailwind’s long-standing partnerships with leading core banking providers such as Temenos and Q2 further enhance the strategic value of the acquisition.
Although UST is headquartered in Texas, the majority of its workforce is based in India, primarily in Thiruvananthapuram and Bengaluru. In Latin America, it has operations in six countries, including Colombia, Chile, Costa Rica, Mexico, Peru and Brazil.
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